SMC to issues over 6m shares to public

The management board of SMC Investment and Trading Joint Stock Co (coded SMC) has lately approved for issuing over six million shares at initial price of 23,000 dong per share.

In details, the company will issue 6,014,814 shares with minimum share volume for registration of 100,000 units. The offered price of 23,000 dong was equal to the book value on March 31, 2010.

The company planned to issue the shares to selected purchasers after receiving the approval from State Securities Commission (SSC).

In the first six months, SMC estimated to reach total revenue of 2.574 trillion dong and after tax profit of 50 billion dong, increasing by 46.8 percent and 62.5 percent respectively in comparison to the same period of last year.

Tags: vietnam stock, Vietnam stock market

Posted by VBN on Jun 30 2010. Filed under Stock. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry